This is just a time wasting “make-work” step that could be eliminated and automated.

But in all seriousness, for those that need the extra push this is a good idea. Sometimes seeing things in black and white make them more real and concrete and may push individuals to save harder.

Too bad you can’t go into a bank and open an account, pledge an amount you want to save and have the bank send you a ‘little bill’ each month. I know, I know that would cost too much money to implement into this world, but wouldn’t it be nice all the same.

In addition I have a forecasting spreadsheet that forecasts my assets, cash and liabilities for the next 2 years allowing me to make planning decisions which in turn inform where I save my money (savings vs. retirement vs. accelerated mortgage etc).

The card took me 5 minutes to make, the excel spreadsheet grew over a decade.

Also, this would be wonderful for someone that doesn’t like managing their finances by looking at a big ugly spreadsheet. Spreadsheet budgets can get pretty hairy if you need to account for different events in given months.

Thanks for the tip!!